https://www.taxtmi.com/news?id=32469 The Union Budget establishes a nil tax threshold under the new income tax regime, exempting annual incomes up to Rs 12 lakh from income tax (with a higher effective threshold for salaried employees after standard deduction), presented as relief for the middle class and prompting political commentary on its likely impact on voter support and disposable income in the Delhi Assembly polls. en-us Sat, 01 Feb 2025 17:46:03 +0530 Sat, 01 Feb 2025 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32469 The Union Budget establishes a nil tax threshold under the new income tax regime, exempting annual incomes up to Rs 12 lakh from income tax (with a higher effective threshold for salaried employees after standard deduction), presented as relief for the middle class and prompting political commentary on its likely impact on voter support and disposable income in the Delhi Assembly polls. News - Sat, 01 Feb 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=32469